GoldSeat Plans To Raise 3 Million USD For Further Expansion In India

Will utilize the next round of funding to
enhance the technology, workforce and marketing

GoldSeat, first of its
kind licensed On-The-Go Offline Entertainment App for travel services, has announced its plans to raise the next round of funding of
$3 million to further expand its operations in the country. Following its
inception in2016, GoldSeat has raised160K USD funding
received from an angel investor which was utilized to develop the
technology and set up operations in India.

Currently, GoldSeat has its
application running across 250 buses which includes busses of Uttar Pradesh
State Road Transport Corporation and also other private players across Northern
and Western regions of India including Lucknow, Ahmedabad, Delhi, Haryana,
Himachal Pradesh, Punjab, Rajasthan and will soon be available down south
expanding its services pan India in near future. Also, there are conversations
currently going on with multiple airlines and the agencies which handle media
inside the trains. It will take approximate 12-14 months to convert the same.

The offline on the go
entertainment sector in India
is largely unorganized with players providing unlicensed content to the
viewers. Market size is estimated to be 660mn passengers with approximately
500mn traveling by buses and is expected to grow at a rate of 15% CAGR. With
infrastructure improvements, the number of people travelling by bus continues
to rise as compared to airways and railways.

The entire GoldSeat entertainment profile is linked to a
device installed in the bus which acts as a server to all the licensed content
available for the travelers. The mobile app which is just 3MB in size can be
downloaded from either Google Play or App store when the travelers boards the
bus and login using their Facebook id. The app offers On-The-Go Offline
Entertainment, Multi – Band Network, Unlimited Movies and TV Shows Streaming,
HD videos, Offline Media Streaming, and Free WiFi. Travelers can
connect to GoldSeat WiFi too, which is a multi-band network and is enabled with
the URA filtering technology, which filters the kind of content which can be
accessed through the technology and is completely free for the passengers.